January to March Reading Raised to 6.7% Increase

TOKYO—The Japanese government on Monday raised its economic growth reading for the first quarter, saying that capital spending was sharply higher than initially thought.

Gross domestic product increased at an annualized rate of 6.7% in the January to March period from the previous quarter, the Cabinet Office said, revising its initial estimate of a 5.9% expansion. The result, adjusted for price changes, marked the sixth straight...